International trade

International trade is the exchange of capital, goods, and services across international borders or territories, which could involve the activities of the government and individual. In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history (see Uttarapatha, Silk Road, Amber Road, salt road), its economic, social, and political importance has been on the rise in recent centuries. It is the presupposition of international trade that a sufficient level of geopolitical peace and stability are prevailing in order to allow for the peaceful exchange of trade and commerce to take place between nations.

Trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. Services are also traded: tourism, banking, consulting and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in a country's current account in the balance of payments.

Marriott World Trade Center was previously located at the address until its destruction in 2001. It was a hotel building of 22-stories, a steel-frame and 825 rooms. It had a roof height of 242 feet (74m). Construction began in 1979 and it opened in July 1981 as the Vista International Hotel.

Original building (1973–2001)

Six World Trade Center was first proposed in 1968 together with the World Trade Center site. Construction finished in 1973. The original 6 World Trade Center was home to the US Custom House. It is a 537,693-square-foot (49,953-square-meters), 8-story building in Lower Manhattan, New York City, part of the World Trade Center skyscraper family. It was also the building in the World Trade Center that had the fewest floors, (the building had 8 floors). From the Austin J. Tobin Plaza level, on which the main structure was built, it had a height of 92 feet (28 m) but was 105 feet (32 m) above the actual ground level. It was demolished following the destruction of the World Trade Center, during the September 11 attacks in 2001.

Five World Trade Center

Five World Trade Center (also referred to as 130 Liberty Street) is a planned skyscraper at the World Trade Center in Lower Manhattan, New York City. The site is across Liberty Street, to the south of the main 16-acre (6.5ha) World Trade Center site. The project is currently on standby while the Port Authority explores a potential sale of the lot to a developer and also finds tenants to occupy the skyscraper. The proposed building shares its name with the original 5 World Trade Center, which was heavily damaged during the collapse of the North Tower and was later demolished. The Port Authority has no plans to construct a building at 130 Liberty Street, although it is open to future development of the site as office, retail, hotel, residential or some mix of those uses.

In June 2007, JPMorgan Chase announced plans to develop the building as the headquarters of its J.P. Morgan investment bank. However, JPMorgan Chase's acquisition of Bear Stearns in March 2008 put those plans in doubt, given the company will relocate J.P. Morgan to 383 Madison Avenue.

International trade

International trade is the exchange of capital, goods, and services across international borders or territories, which could involve the activities of the government and individual. In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history (see Uttarapatha, Silk Road, Amber Road, salt road), its economic, social, and political importance has been on the rise in recent centuries. It is the presupposition of international trade that a sufficient level of geopolitical peace and stability are prevailing in order to allow for the peaceful exchange of trade and commerce to take place between nations.

Trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. Services are also traded: tourism, banking, consulting and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in a country's current account in the balance of payments.